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Declining iPoker network hopes to get Everest and Betfair, Pokerfuse

Declining iPoker network hopes to get Everest and Betfair, Pokerfuse | Poker & eGaming News | Scoop.it

Playtech’s impressive first-half financial results released today were marred only by the continued poor performance of its poker platform, iPoker. The group is looking toward both new licensees and a real-money mobile platform to boost its ailing network.

 

Poker understandably received slim attention in an otherwise glowing half-annual report:

The international poker market remained challenging for the first six months of the year, causing poker revenue to fall by 9% to €9.7 million. The iPoker network maintained its position as the leading independent poker network in the dotcom market place, and we are currently in discussions with a number of significant new licensees who wish to join the network.

 

Revealed on pokerfuse last week, one major new licensee in talks with Playtech is is Everest Poker, which plans to shut its independent poker room and join the network. Although considered a micro-network, it would bring a possible 20% boost to player numbers on iPoker. It operates a larger French network, which would completely reinvigorate Playtech’s presence in France. Rumored to be in talks with joining the network is Betfair, which currently operates on the Ongame network but is reportedly looking for a new home.

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Rank results up 9% - online bingo +24 online poker -27%, iGamingPost

Rank results up 9% - online bingo +24 online poker -27%, iGamingPost | Poker & eGaming News | Scoop.it

Rank Group profits have risen 9% rise, thanks mainly to its Grosvenor Casinos business, its online operations but more especially the Mecca bingo brand.

 

Even through the difficult economic times, Ranks pre-tax profits on continuing operations rose to £61.5m in the year to June, up from £56.4m a year earlier, which represents an excellent return, with also customer numbers up 4.9%, the group said.

 

But the average amount Rank brings in per customer fell by 1.4% to £224.82, which was expected because of the current position of the nation in recession.

 

Rank said it aimed to complete its purchase of Gala Casinos next month. This will add 23 casinos to its 37 Grosvenor outlets, making it the UK’s biggest casino operator.

 

Other sources: 

http://www.casinochoice.co.uk/2012/08/17/rank-goes-social-despite-regulation-concerns/

 

Mecca’s online and mobile revenues were up an impressive 24.6% year-on-year to £56.2m in the 2011/12 period, which Rank attributed to improved cross-channel marketing, product upgrades, the strength of the Mecca brand and several high-profile advertising campaigns. The percentage of Mecca customers who interacted with the brand across both online and offline channels was 5.5%, up from 5.2% in 2010/11.

 

Mecca’s contribution to the dominant bingo and games online segment, which grew 24.1% to £59.7m, helped Rank Interactive to a 20.8% rise in revenue to £77.7m, and a 26.5% rise in operating profit to £10.5m.

 

Online casino also improved in the period, up 49.1% in revenue to £8.5m, which the company said reflected greater support and promotion in the Grosvenor offline venues.

 

Revenue from Rank’s Blue Square sports betting brand dipped 6.7% to £8.4m, despite the period including most of the Euro 2012 football tournament. The company blamed a “drop in stakes”. Poker was down 26.7% to £1.1m “because of increasing competition”.

 

Other sources:

http://www.cardplayer.com/poker-news/13904-poker-revenue-down-27-percent-at-rank

http://www.gamblingcompliance.com/node/49804